Chemcon Speciality Chemicals Hits 52-Week Low Amid Broader Market Underperformance

Jan 13 2025 09:37 AM IST
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Chemcon Speciality Chemicals has hit a new 52-week low, with its stock price at Rs. 217.95. The company has seen a 24.28% decline over the past year, underperforming the broader market. It is currently trading below its moving averages across various time frames, indicating ongoing challenges.
Chemcon Speciality Chemicals has reached a new 52-week low, with its stock price hitting Rs. 217.95 on January 13, 2025. This decline is part of a broader trend, as the microcap company has experienced a consecutive drop over the past two days, totaling a decrease of 4.67%.

Over the past year, Chemcon Speciality Chemicals has underperformed the broader market, with a decline of 24.28%, while the Sensex has gained 5.86% during the same period. The stock is currently trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

Despite today's performance, which saw a slight outperformance against its sector by 0.51%, the overall trend suggests ongoing challenges for Chemcon Speciality Chemicals in the current market environment.
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